EddieJayonCrypto
14 Aug 23
There is a lot of new hitting the digital lines this week, including Shiba Inu and XRP. Here is what is on my mind today.1. Ledger released its controversial hardware upgrade. The one that allows you to pay for a third party to store your keys. Even though the service is opt-in, I do not like the id...
There is a lot of new hitting the digital lines this week, including Shiba Inu and XRP. Here is what is on my mind today.1. Ledger released its controversial hardware upgrade. The one that allows you to pay for a third party to store your keys. Even though the service is opt-in, I do not like the idea that I MUST upgrade my hardware wallet to enable the service to be offered. With all of that noise that was around this months ago I would have thought they would learn something from it. Maybe made that particular upgrade optional. You people suck! Pull that upgrade back and make it a part of the sign-up process only if you want that service. I for one will allow a third-party to store the keys for my non-custodial wallet. All you need is one bad actor in that process and you would be in for a horrible ride as they make you prove any loss of assets and longer to actually be compensated. No, thank you. 2. Base, the Coinbase Layer 2, has quickly become the third largest NFT platform in terms of transfer volume. Surpassing Arbitrum, Avalanche, Optimism. There are a lot of NFT makers that are moving over to Base. Not to mention there seems to be a lot of interest in the platform because of their compatibility with both the ERC-721 and ERC-1155 NFT standards. Base is here and I will be paying attention. 3. PayPal is not playing games with their new stablecoin. They are not touting plans to enter the DeFi space. If they want to be seen as a viable option compared to USDT and USDC, they had better. I am also noticing that all of the naysayers about their core business are also going after them for their stablecoin. Whether you like them or not, they have come a long way and are a viable payment option for businesses trying to get off the ground. This is another one we will have to keep an eye on. 4. It looks like Amazon is getting into the crypto game in a big way. It seems they have partnered with Ripple to offer fast and seamless transactions. Could this be because back in May a former CFO of Amazon joined Ripple's board? I am not sure, but Amazon wading in the crypto water could be the catalyst we are waiting for. That level of adoption means everyone will have to step up their game. I am still waiting for more news to drop. So far, All I am seeing is an AWS Partner Profile for Ripple. I am expecting more to come. 5. I told you yesterday that Shytoshi Kusama has been dropping major hints. Well, the latest to hit the digital lines is that the Shiba Army can expect big news tomorrow at 1 PM EST. I, for one, can't wait! The project has already shaved a zero. Now I am expecting them to tack on another 25% or more with all of the news swirling around. 6. Voyager has move about 1500 ETH over to Coinbase. That can only mean one thing. An impending sale of about $2.77M worth of assets. Truth be told, why would anyone be surprised. They are shutting down their app and this is a natural course of action as that long-winded story draws to a close. 7. Goldman Sachs agrees with 50% of me. LOL They are expecting the Fed to pause in September. I told you I am about 50/50 on that one since I can make the case for one more rate hike preceding a pause. We shall see what happens, but either way, I think the market is well-prepared.